Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%; Powell says worst economic outcomes of pandemic avoided
An exemption on the "supplemental leverage ratio" was put in place at the start of the coronavirus pandemic to encourage big banks to lend and support bond and short-term funding markets
Markets predict the Fed may be forced to act sooner than expected
Economic management in India will remain tricky
Powell's entire message on Thursday centered on how cautious the central bank plans to be in dialling back economic policies
10-year US Treasury yield crosses 1.5% again following Powell's comments
Johnson's single-dose can be game changer, Nasdaq wipes out 2021 gains after dovish Powell comments, Calls grow to prioritise Italy's priests for jabs and other pandemic-related news across the globe
The pan-European STOXX 600 fell 0.9% in early trading
(Reuters) - The S&P 500 firmed on Thursday after two days of losses while sentiment was fragile ahead of remarks from Federal Reserve Chair Jerome Powell on rising bond yields.
WASHINGTON (Reuters) - Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
NEW YORK (Reuters) - Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.
NEW YORK (Reuters) - A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher.
"We are just being honest about the challenge," Powell told the House of Representatives Financial Services Committee
Rising yields tend to hurt bullion's appeal as an inflation hedge since they increase the opportunity cost of holding the metal
Spot gold rose 0.2% to $1,809.17 per ounce by 0111 GMT, having hit its highest since Feb. 16 at $1,815.63 on Tuesday. U.S. gold futures gained 0.1% to $1,807.30
WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.
(Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was "uneven and far from complete."
(Reuters) - The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.
The dollar index surrendered early gains and was hovering near a six-week low,
The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said